Word: pechiney
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Dates: during 1990-1999
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...based Johnson & Johnson or Merck. Have a taste for the planet's biggest food company? It's Netherlands-based Unilever, not home-baked RJR Nabisco or Sara Lee. Biggest farm-equipment maker? It's Japan's Mitsubishi Heavy Industries, not Caterpillar or Deere. Metal goods? Try France's Pechiney, not Alcoa...
...partner Peter May, would be lionized on the cover of Business Week. ("In your book," one of Peltz's advisers told Bruck at the time, "call him Nelson the Industrialist and make us all vomit.") In 1988 the can business would be sold to the state-owned French giant Pechiney, yielding Peltz, Milken et al. a nearly $1 billion profit (and spawning its own insider-trading scandal among French government officials...